Grayscale, VanEck & Other Bitcoin ETF Bag Millions From Madden Securities

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As a seasoned crypto investor with a keen interest in the market trends and the investment strategies of prominent firms, I’m thrilled to see Madden Securities Corp entering the Bitcoin ETF space. Their substantial investments in Grayscale Bitcoin Trust (GBTC), VanEck Bitcoin Trust (HODL), BlackRock’s iShares Bitcoin Trust (IBIT), and Ark 21Shares Bitcoin ETF (ARKB) are a clear indication of their confidence in these investment vehicles.

Madden Securities Corporation, a Texas-based investment advisor registered with the U.S. Securities and Exchange Commission (SEC), recently revealed substantial investments in various Spot Bitcoin Exchange-Traded Funds (ETFs) through a 13F filing submitted on July 11. This disclosure signifies Madden Securities’ initial foray into crypto ETFs. The firm has allocated over $1.67 million across multiple Bitcoin ETFs.

Madden Securities Enters Bitcoin ETF Market

Madden Securities made its largest investment, totaling $520,953, in the Grayscale Bitcoin Trust (GBTC) by purchasing 9,785 shares, as disclosed in the SEC filing. This significant investment underscores Madden Securities’ confidence in Grayscale’s established market position and its role as a prominent Bitcoin investment platform. Furthermore, the firm allocated $481,334 to invest in the VanEck Bitcoin Trust (HODL), resulting in the acquisition of 7,092 shares.

Moving forward, Madden Securities invested $341,400 in BlackRock’s iShares Bitcoin Trust (IBIT), acquiring 10,000 units. Additionally, the fact that BlackRock has entered the Bitcoin ETF market has sparked considerable investor enthusiasm, and Madden Securities’ investment underscores this growing trend.

Madden Securities purchased $329,890 worth of units in the Ark 21Shares Bitcoin ETF (ARKB), which corresponds to 5,500 units. The innovative investment methodology adopted by Ark 21Shares in handling Bitcoin investments has generated significant interest. By adding ARKB to its holdings, Madden Securities is signaling a deliberate expansion of its crypto ETF portfolio.

As an analyst, I’ve noticed that Madden Securities joining the crypto ETF market is indicative of a larger trend among investment firms. Similarly, Burkett Financial Services has updated its own crypto investment approach, reflecting an increasing faith in Bitcoin ETFs.

Additionally, Burket Financial Services chose to redeem the ProShares Bitcoin Strategy ETF (BITO) and instead boosted their investment in BlackRock’s iShares Bitcoin ETF (IBIT). The enhanced holding of IBIT demonstrates a strong confidence in BlackRock’s methodology for managing Bitcoin ETFs, as indicated by recent SEC filings.

Other Acquisitions & ETF Inflows

In the July 10th 13F filing, Burkett Financial Services disclosed owning 1,168 units of BlackRock’s iShares U.S. Real Estate Capped ETF (IBIT), with a total value of $39,876. This is a significant jump from their initial quarter holdings, which amounted to 602 units valued at $24,363. Burkett Financial Services’ escalated investment in IBIT signifies a deliberate move towards a more focused portfolio in BlackRock’s real estate ETF.

As a crypto investor, I would rephrase that as follows: During the second quarter, Burkett Financial Services decided to sell all of its 630 units of ProShares’ BITO ETF, which were worth approximately $20,344 in the first quarter. On the other hand, there was a significant inflow of investment totaling $147 million into Spot Bitcoin ETFs on July 10.

As a researcher observing the trading market, I’ve noticed that for the past four consecutive business days, there have been net inflows exceeding $100 million. Among these inflows, Fidelity’s FBTC ETF stood out with an impressive contribution of $57.8 million on July 10th.

As an analyst, I’ve observed some intriguing differences in the recent inflow trends between BlackRock’s IBIT ETF and Grayscale Bitcoin Trust. While BlackRock’s IBIT ETF experienced a significant decline, going from $121 million to just $22.2 million in inflows, Grayscale Bitcoin Trust showed a more moderate decrease with approximately $8.2 million being withdrawn.

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2024-07-11 16:40